Taiyo Yuden Co., Ltd. · TSE:6976

Taiyo Yuden — Q1 FY2022 Earnings Presentation

23 slides from Taiyo Yuden's earnings presentation, Aug 5, 2021

  1. Slide 1: Consolidated Financial Results

    Consolidated Financial Results First quarter for the year ending March 31, 2022 Katsuya Sase Chief of Management Planning Headquarters August 5, 2021 ©TAIYO YUDEN 2017

  2. Slide 2: Financial Summary 1Q for the Year Ending March 2022

    Financial Summary 1Q for the Year Ending March 2022  Net sales were ¥83.8 billion. Sales increased 6% Q/Q, primarily for use in communication equipment, such as smartphones.  Operating income was ¥15.1 billion, up 45% Q/Q. This exceeded the forecast at the beginning of the fiscal year due to contr

  3. Slide 3: Consolidated Financial Results (Q/Q)

    Consolidated Financial Results (Q/Q) FYE Mar 31, 2021 FYE Mar 31, 2022 ¥ in million 4Q 1Q Change Q/Q (01 Jan 2021 –31 Mar 2021) (01 Apr 2021 –30 Jun 2021) Net sales 79,471 100.0% 83,836 100.0% 4,365 5.5% Operating income 10,440 13.1% 15,147 18.1% 4,706 45.1% Ordinary income 11,641 14.6% 15,174 18.1%

  4. Slide 4: Factors behind Operating Income (Q/Q)

    Factors behind Operating Income (Q/Q) Operating income (1Q FYE Mar 2022) 15.1 Operating income (4Q FYE Mar 2021) 10.4 Effect from capacity utilization +3.9 Effect from Currency fluctuations cost reductions +1.8 +0.2 (0.3) Impact of (0.9) Changes selling price in fixed costs ©TAIYO YUDEN 2017 4 A fac

  5. Slide 5: Financial Results by Product Classification (Q/Q)

    Financial Results by Product Classification (Q/Q) FYE Mar 31, 2021 FYE Mar 31, 2022 ¥ in million Change Q/Q 4Q 1Q Capacitors 50,630 63.7% 53,209 63.5% 2,578 5.1% Inductors 10,501 13.2% 11,386 13.6% 884 8.4% Integrated modules & 13,213 16.6% 13,977 16.7% 764 5.8% devices Others 5,125 6.5% 5,263 6.3%

  6. Slide 6: Financial Results by Product Classification (Q/Q)

    Financial Results by Product Classification (Q/Q) ■ Capacitors (+5.1% Q/Q) Sales for use in communication equipment, such as smartphones, increased. Sales for use in information equipment were also strong. ■ Inductors (+8.4% Q/Q) Sales for use in information equipment such as tablets, communication

  7. Slide 7: Sales by Market Sector

    Sales by Market Sector *Estimated by the Company ©TAIYO YUDEN 2017 7 Composition of sales classified by market sector was 32% for use in communication equipment, such as smartphones, up 3 percentage point Q/Q. Composition of sales classified by market sector other than communication equipment did no

  8. Slide 8: Forecast of Consolidated Performance

    Forecast of Consolidated Performance for the year ending March 31, 2022 ©TAIYO YUDEN 2017

  9. Slide 9: Full-Year Forecast (compared with the previous forecast)

    Full-Year Forecast (compared with the previous forecast) FYE Mar 31, 2022 FYE Mar 31, 2022 ¥ in million as of May 13, 2021 as of Aug 5, 2021 1H 2H Full year 1H 2H Full year Net sales 170,000 158,000 328,000 175,000 158,000 333,000 Operating income 25,000 22,000 47,000 33,000 22,000 55,000 Ordinary i

  10. Slide 10: Full-Year Forecast (Y/Y)

    Full-Year Forecast (Y/Y) ¥ in million FYE Mar 31, 2021 FYE Mar 31, 2022 Change Y/Y Forecast Net sales 300,920 100.0% 333,000 100.0% 32,080 10.7% Operating income 40,766 13.5% 55,000 16.5% 14,234 34.9% Ordinary income 41,247 13.7% 54,500 16.4% 13,253 32.1% Net income attributable to owners of the par

  11. Slide 11: Full-Year Forecast by Product Classification

    Full-Year Forecast by Product Classification (compared with the previous forecast) FYE Mar 31, 2022 FYE Mar 31, 2022 ¥ in million as of May 13, 2021 as of Aug 5, 2021 1H 2H Full year 1H 2H Full year Capacitors 111,000 107,000 218,000 114,500 107,000 221,500 Inductors 21,500 20,500 42,000 24,000 20,5

  12. Slide 12: Full-Year Forecast by Product Classification (Y/Y)

    Full-Year Forecast by Product Classification (Y/Y) ¥ in million FYE Mar 31, 2021 FYE Mar 31, 2022 Change Y/Y Forecast Capacitors 195,198 64.9% 221,500 66.5% 26,302 13.5% Inductors 41,564 13.8% 44,500 13.4% 2,936 7.1% Integrated modules & 46,930 15.6% 47,500 14.3% 570 1.2% devices Others 17,227 5.7%

  13. Slide 13: Supplementary Information

    Supplementary Information ©TAIYO YUDEN 2017

  14. Slide 14: Impact of COVID-19

    Impact of COVID-19 The impact on TAIYO YUDEN’s business activities is minor. Sales We are closely monitoring production trends at client companies Procurement and suppliers, and final demand for equipment, etc. There is still some impact, such as lengthening distribution lead Distribution times and

  15. Slide 15: Consolidated Financial Results (Y/Y)

    Consolidated Financial Results (Y/Y) FYE Mar 31, 2021 FYE Mar 31, 2022 ¥ in million Change Y/Y 1Q 1Q Net sales 60,493 100.0% 83,836 100.0% 23,343 38.6% Operating income 7,923 13.1% 15,147 18.1% 7,223 91.2% Ordinary income 7,371 12.2% 15,174 18.1% 7,802 105.8% Net income attributable to owners of the

  16. Slide 16: Factors behind Operating Income (Y/Y)

    Factors behind Operating Income (Y/Y) Effect from capacity utilization Operating income +16.7 (1Q FYE Mar 2022) 15.1 Operating income (1Q FYE Mar 2021) 7.9 Effect from cost Currency reductions fluctuations +1.0 +0.4 (1.2) Others (5.1) (4.6) Impact of Changes in selling price fixed costs ©TAIYO YUDEN

  17. Slide 17: Financial Results by Product Classification (Y/Y)

    Financial Results by Product Classification (Y/Y) FYE Mar 31, 2021 FYE Mar 31, 2022 ¥ in million Change Y/Y 1Q 1Q Capacitors 40,075 66.2% 53,209 63.5% 13,133 32.8% Inductors 7,928 13.1% 11,386 13.6% 3,457 43.6% Integrated modules & 9,075 15.0% 13,977 16.7% 4,901 54.0% devices Others 3,413 5.6% 5,263

  18. Slide 18: Financial Results by Product Classification (Y/Y)

    Financial Results by Product Classification (Y/Y) ■ Capacitors (+32.8% Y/Y) Sales for use in automobiles increased significantly. Sales for use in consumer products, information equipment and communication equipment also increased. ■ Inductors (+43.6% Y/Y) Sales for use in all equipment increased. T

  19. Slide 19: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) FYE FYE Mar 31, 2020 FYE Mar 31, 2021 Mar 31, ¥ in million 2022 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Net sales 68,635 73,272 72,187 68,233 60,493 79,728 81,226 79,471 83,836 Capacitors 43,338 44,473 44,907 43,738 40,075 52,596 51,895 50,630 53,209 Inductors 8,633 10,74

  20. Slide 20: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) Net sales ©TAIYO YUDEN 2017 20

  21. Slide 21: Orders Received and Order Backlog Trends (Quarterly)

    Orders Received and Order Backlog Trends (Quarterly) (¥ in billion) ■ Capacitors ■ Inductors ■ Integrated modules & devices ■ Others ©TAIYO YUDEN 2017 21

  22. Slide 22: Forward-looking statements

    Forward-looking statements This document contains information about the plans, business results, and strategies of TAIYO YUDEN CO., LTD. and the TAIYO YUDEN Group. These forward-looking statements other than historical facts represent judgments made by the Company based on information available at p

  23. Slide 23: ©TAIYO YUDEN 2017

    @©TAIYO YUDEN 2017 TAIYO YUDEN

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